ALASTAIR CURTIS Chief Design Officer. CHARLOTTE JOHS GM, Ultimate Ears

Transcription

1 DESIGN ALASTAIR CURTIS Chief Design Officer CHARLOTTE JOHS GM, Ultimate Ears

2 FORWARD-LOOKING STATEMENTS This presentation includes forward-looking statements within the meaning of the U.S. federal securities laws, including, without limitation, statements regarding: projected return, innovation, growth, growth methods, product category sales and growth, optimizing operations, operational improvements and opportunities, costs, design, design focus, market drivers, capabilities, strengths, strategies, consumer satisfaction, sales and channel opportunities, inventory, investments, gross margin, fiscal year 2017 and fiscal year 2018 sales growth and operating income, fiscal year 2018 tax rate and other outlook assumptions, long-term business model, sustainability of growth and business model, capital allocation framework, acquisitions, dividends, share repurchases, return of free cash flow to shareholders, earnings per share and roadmap for increasing earnings per share. These statements are subject to risks and uncertainties that may cause actual results and events to differ materially, including without limitation: if our product offerings, marketing activities and investment prioritization decisions do not result in the sales, profitability or profitability growth we expect, or when we expect it; the demand of our customers and our consumers for our products and our ability to accurately forecast it; if we fail to innovate and develop new products in a timely and cost-effective manner for our new and existing product categories; if we do not successfully execute on our growth opportunities or our growth opportunities are more limited than we expect; if sales of PC peripherals are less than we expect; the effect of pricing, product, marketing and other initiatives by our competitors, and our reaction to them, on our sales, gross margins and profitability; if our products and marketing strategies fail to separate our products from competitors products; if we do not fully realize our goals to lower our costs and improve our operating leverage; if there is a deterioration of business and economic conditions in one or more of our sales regions or product categories, or significant fluctuations in exchange rates. These and other risks and uncertainties are detailed in Logitech s filings with the Securities and Exchange Commission, including its Quarterly Report on Form 10-Q for the fiscal quarter ended December 31, 2016 and its Annual Report on Form 10-K for the fiscal year ended March 31, 2016, available at under the caption Risk Factors and elsewhere. Logitech does not undertake any obligation to update any forward-looking statements to reflect new information or events or circumstances occurring after the date of this presentation. To facilitate comparisons to Logitech s historical results, we have included non-gaap adjusted measures in this presentation, which exclude primarily share-based compensation expense, amortization of intangible assets, purchase accounting effect on inventory, acquisition-related costs, change in fair value of contingent consideration for business acquisition, restructuring charges (credits), gain (loss) on equity-method investment, investigation and related expenses, non-gaap income tax adjustment, and other items detailed under Supplemental Financial Information in our quarterly earnings press release and posted to our website at Historical GAAP and corresponding non-gaap measures are provided with our earnings releases and presentations in the Investors section of our website. We also present percentage sales growth in constant currency ( CC ) to show performance unaffected by fluctuations in currency exchange rates. Percentage sales growth in constant currency is calculated by translating prior period sales in each local currency at the current period s average exchange rate for that currency and comparing that to current period sales. Logitech believes this information will help investors to evaluate its current period performance, outlook and trends in its business. For historical financials provided in this presentation, reconciliation between non-gaap amounts and GAAP amounts is provided on the Investors page of our website, together with this presentation and with our earnings releases. With respect to financial outlook, most of the excluded amounts pertain to events that have not yet occurred and are not currently possible to estimate with a reasonable degree of accuracy. Therefore, no reconciliation to GAAP amounts has been provided for non-gaap outlook.

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4 DESIGN-CENTRIC COMPANIES OUTPERFORM THE REST Design index 10Y Return: 265% S&P Y Return: 112% Note: Design index includes AMZN, AAPL, DIS, EBAY, INTU, KO, NFLX, NKE, MLHR, SBUX, and TGT Source: Factset

5 OUR COMPETITIVE EDGE DESIGN EXPERIENCES THAT ARE LOVED BY PEOPLE

6 OUR COMPETITIVE EDGE CREATING DESIGN AS A BEHAVIOR

7 DESIGN PRINCIPLES ONE POWERFUL IDEA is clarity of purpose and benefit to the consumer SOUL is the unique personality of the product/experience EFFORTLESS is the relentless pursuit of creating friction-free experiences CRAFTED is simplifying, perfecting and stripping down to the essential MAGICAL is interactions that are alive and expressive

8 WORLD CLASS TEAM Industrial Design, User Experience, Colors Materials & Finishes, Packaging

9 DESIGN TO OPTIMIZE

10 DESIGN TO RE-IMAGINE

11 DESIGN TO GROW

12 DESIGN AS A BEHAVIOR

13 ...LASTLY

14 ULTIMATE EARS BOOM

15 OBSESSED WITH CONSUMERS

16 BUILDING A BRAND DESIGN for the lives of real people

17 DESIGNING A VISION

18 BUILDING A BUSINESS TOP 3 mobile speaker brand WW 20 countries penetrated 10x growth NEW channels 14 design awards Chart represents annual mobile speaker sales (FY13-FY17E)

19 BUILDING EXPERIENCES

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21 CONSUMERS LOVE OUR APP 70% Increase in sessions 50% Increase in active devices

22 NEW PRODUCT EXPERIENCES

23 DESIGNING THE FUTURE NEW PRODUCT EXPERIENCES

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